Derivative Financial Instruments (Tables)

3 Months Ended

May 01, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives

Effect of Hedges on Debt (millions)	May 1, 2021		January 30, 2021		May 2, 2020
Long-term debt and other borrowings
Carrying amount of hedged debt	$	1,627	$	1,677	$	1,721
Cumulative hedging adjustments, included in carrying amount	132		183		228

Effect of Hedges on Net Interest Expense	Three Months Ended
(millions)	May 1, 2021		May 2, 2020
Gain (loss) on fair value hedges recognized in Net Interest Expense
Interest rate swap designated as fair value hedges	$	(51)	$	91
Hedged debt	51		(91)
Total	$	—	$	—